Business
Business, 02.11.2019 06:31, sosaucyy

St trucking just signed a $3.8 million contract. the contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. what is this contract worth today at a discount rate of 8.7 percent?
a) $3,783,648.48
b) $3,480,817.37
c) $2,108,001.32
d) $3,202,223.89
e) $3,202,840.91

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Answers: 2

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